India raises JNNSM target by 75%
Narendra Modi wants 15.75 GW, rather than 9 GW under the second phase of the national solar mission. Developers are meeting in New Delhi today to discuss the proposals.
Austin utility tries to water down solar commitment
Texan power company wants a 65% renewables target, imposed on it by city council, reduced to 50%. Austin Energy calling for new gas-fired power plant rather than 600 MW of new solar.
Creditors vote through LDK restructure
Note holders of the debt-saddled wafer manufacturer waved through restructuring proposals this morning. The plans will now go before courts in Hong Kong and the Cayman Islands.
SunEdison in talks over $2bn Chinese poly factory
US poly and wafer maker could treble its poly production capacity with Chinese fab. Company president says it is considering a similar investment in Saudi Arabia.
German renewable energy levy to fall for first time
For the first time since its introduction, the German renewable energy levy will not increase year over year but instead decline, albeit by only 0.07 eurocents to 6.17 eurocents per kilowatt hour.
Clean energy investment set to grow following robust third quarter
The solar sector accounted for 25% of total clean energy venture capital and private equity investment in the third quarter. Notable solar deals included the $110 million secured by Sunnova and GlassPoint Solar, which received $53 million from Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors.
SolarCity to offer up to US$200 million in bonds
The third-party solar company is the first in the residential space to issue a corporate bond offering. The bonds will offer interest rates up to 4%, and SolarCity has launched a new online investment site.
Accelerator-backed Wunder launches U.S. solar fund
A new solar fund has launched in the U.S. Wunder, backed by the Boulder Techstars accelerator program in Colorado, has launched a $1 million solar fund for investors. The fund is already 50% subscribed.
The pv magazine weekly news roundup: Oct 3-10
Storage updates, political wranglings, grid parity promises and yet more headlines for SolarCity… it’s been another busy week on pv magazine.
Glasgow: first European university to divest from fossil fuels
Glasgow University has taken the lead in the U.K. and Europe in aligning itself with the disinvestment movement, yet the number of higher education institutions turning away from fossil fuel investments is steadily growing.
